Apple Stock Edges Higher Although Two Legal Bills Stack Up

This article first appeared on GuruFocus. Apple (NASDAQ:AAPL), the iPhone maker and consumer-device giant, faced a revived UK consumer claim over its 2018 sales agreement with Amazon. Shares rose about 0.3% to $342.23 at approximately 10:18 a.m. ET Monday. The legal headline was large, but the stock barely moved. Warning! GuruFocus has detected 4 Warning Signs with CSCO. Is AAPL fairly valued? Test your thesis with our free DCF calculator.AAPL GF Value chart The tribunal let claims involving purchases on Amazon's UK marketplace proceed while rejecting claims tied to purchases from Apple and other retailers. The claim filing estimates 431.2 million to 898.6 million in marketplace damages before interest.